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March 17, 2021 at 01:55 PM
What You Need to Know
- Most of the earliest payments were sent via direct deposit.
- Treasury also mailed roughly 150,000 checks worth approximately $442 million.
- IRS reminds people to check the "Get My Payment" tool on its website.
The Treasury Department and Internal Revenue Service said Wednesday that 90 million Economic Impact Payments from the American Rescue Plan — valued at more than $242 billion — have been disbursed.
Economic Impact Payments are “rolling out in tranches to millions of Americans in the coming weeks,” the IRS and Treasury said Wednesday in a statement.
While recipients started receiving the first batch mostly by direct deposit this past weekend, Treasury also mailed roughly 150,000 checks worth approximately $442 million.
The first batch primarily went to eligible taxpayers who provided direct deposit information on their 2019 or 2020 returns, including people who don’t typically file a return but who successfully used the non-filers tool on IRS.gov last year.
